Join our Telegram Channel for Live Updates and Calls: FunDirector
Nifty View:
SGX Nifty indicated a Positive gap-up opening to Nifty.
Nifty had formed a bullish candle on daily as well as on weekly charts.
36 of Nifty 50 stocks had closed in Green yesterday. FIIs and DIIs were net buyers of 768.5cr and 668.6Cr respectively.
Even at these levels FIIs and DIIs are adding their positions aggressively. Also, retailers who are following it too will take the Nifty to new highs.
Watch for Intraday selling at new All-Time Highs. For the time being 17,420 will be acting as resistance. 17,320 followed by 17,260 will be acting as support.
Add Reliance to your watchlist for observing the moves in Nifty.
Stocks in News:
Dr. Reddy's Laboratories: The company, along with its subsidiaries, has entered into a definitive agreement with Citius Pharmaceuticals, Inc. to sell its rights to anti-cancer agent E7777 and certain related assets.
Mahindra & Mahindra Financial Services: The company’s disbursements in August were at Rs 2,150 crore, 57% higher from a year earlier.
Reliance Industries: The wholly owned subsidiary of the company, Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences for Rs 393 crore.
Health Care Global: Sells Oncology Hospital labs of Strand Life Sciences & Clinical Trial biz to Reliance ind.
Electrothermal & Gabriel: Now Auto tech added to PLI scheme list.
IRCTC , EASE MY TRIP , hotels stocks: Travel bookings have spiked across the country after dismal 2020. Bookings have increased by double digits for the key service provider in August, with the promise of more in the upcoming festive season.
